Gaithersburg Home Sales Report February 2020

Gaithersburg Real Estate

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How's the Real Estate Market in Gaithersburg MD?

Gaithersburg home sales saw the following changes in

February 2020 compared to last year at this time:

- average sold price was $429,766 compared to last year's $394,594

- average days on market to sell a home went to 37 days from 49 days

- average sold price sellers are getting changed to 98.7% from 97.7%

Gaithersburg market activity is summarized in the following chart (mouse over for details):

Gaithersburg Homes Sold

Through February 2020 there were 36 single family homes, 42 townhouses and 41 condos sold.The most expensive single family was sold for $930,000 in the Kentlands.    The most expensive townhome sold for $710,000 in Crown Farm. The most expensive condo sold for $775 in the Kentlands.  There was 16 cash buyers (mostly investors) or 14.6% of buyers.

The chart below shows average home price in Gaithersburg by type.

Are Sellers Getting Their Asking Price in Gaithersburg?

The chart below shows the proportion of the original listing price a home seller is getting when they sell, taking into account price reductions.  You can see more details in our Gaithersburg Property Value Report.

How Long is it Taking to Sell a Home?

In February 2020, the average days on market was 37 compared to 49 days the same time last year. You can see more market statistics in our Gaithersburg Real Estate Trends Market Report.

Call Bob Myers of Re/Max Realty Services at 301-910-9910 if you have any questions about the value of your home or the real estate market.  Search for Gaithersburg homes for sale, save your favorites and get updates:

$200,000
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,441
SQFT
Mills Choice Cod #1
19003 Mills Choice Road 1
Gaithersburg, MD 20886
$205,000
Townhouse For Sale
Active Under Contract
2
BEDS
2
TOTAL BATHS
950
SQFT
8614 Welbeck Way
Gaithersburg, MD 20886
Mcconkey Subdivision
$205,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,027
SQFT
Flower Hill Codm #204
18318 Streamside Drive 204
Gaithersburg, MD 20879
New Listing - 2 weeks online
$205,000
Condo For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,180
SQFT
18328 Streamside 302 #302
Gaithersburg, MD 20879
Rosewood Subdivision
New Listing - 2 weeks online
$209,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,156
SQFT
Hyde Park #T3
427 Christopher Avenue T3
Gaithersburg, MD 20879
New Listing - a week online
$218,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,212
SQFT
10020 Stedwick Road 304 #304
Gaithersburg, MD 20886
Center Court Subdivision
$219,900
Condo For Sale
Active
4
BEDS
2
TOTAL BATHS
1,545
SQFT
419 Christopher Avenue 140 #140
Gaithersburg, MD 20879
Hyde Park Subdivision
$225,000
Condo For Sale
Active Under Contract
2
BEDS
2
TOTAL BATHS
1,156
SQFT
407 Christopher Avenue T-2 #T-2
Gaithersburg, MD 20879
Hyde Park Subdivision
$230,000
Commercial For Sale
Pending
MONTGOMERY
COUNTY
Fairview Bldg Co #301
438 N Frederick Avenue 301
Gaithersburg, MD 20877
New Listing - a week online
$235,000
Townhouse For Sale
Active
2
BEDS
3
TOTAL BATHS
1,019
SQFT
Newport Est Sec #138
2 Benji Court 138
Gaithersburg, MD 20877
Open House Sun, Oct 17, 12 PM UTC
Please verify times due to COVID-19
$246,000
Townhouse For Sale
Active
2
BEDS
1
TOTAL BATH
1,080
SQFT
9601 Brassie
Gaithersburg, MD 20886
Thomas Choice West Subdivision
$249,900
Townhouse For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,370
SQFT
19665 Club Lake Road
Gaithersburg, MD 20886
Club Hill Subdivision
$249,900
Townhouse For Sale
Active Under Contract
4
BEDS
3
TOTAL BATHS
1,286
SQFT
Newport Est Sec #105
76 State Court 105
Gaithersburg, MD 20877
New Listing - 4 weeks online
$249,900
Townhouse For Sale
Active
3
BEDS
3
TOTAL BATHS
1,372
SQFT
9445 Horizon Run Road 8-B #8-B
Gaithersburg, MD 20886
Horizon Run Subdivision
New Listing - a week online
$255,000
Townhouse For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,029
SQFT
Newport Est Sec #247
8 Anna Court 247
Gaithersburg, MD 20877
$257,500
Townhouse For Sale
Active
5
BEDS
2
TOTAL BATHS
1,029
SQFT
Newport Est Sec #251
4 Anna Court 251
Gaithersburg, MD 20877
$259,000
Townhouse For Sale
Active Under Contract
3
BEDS
2
TOTAL BATHS
1,029
SQFT
Newport Est Sec #175
36 Nina Court 175
Gaithersburg, MD 20877
$259,900
Townhouse For Sale
Active Under Contract
4
BEDS
2
TOTAL BATHS
1,131
SQFT
18732 Nathans Place
Gaithersburg, MD 20886
Nathans Hill - Montg Vil Subdivision
Short Sale
$260,000
Condo For Sale
Pending
4
BEDS
4
TOTAL BATHS
1,382
SQFT
732 West Side Drive 6-A #6-A
Gaithersburg, MD 20878
Brighton West Subdivision
$261,400
Commercial For Sale
Active
MONTGOMERY
COUNTY
Fairview Bldg Co #455
438 N Frederick Avenue 455
Gaithersburg, MD 20877

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